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2935-2945 NE Sandy Blvd 4,265 SF Retail Building Portland, OR 97232 $2,000,000 ($468.93/SF) 6% Cap Rate
Investment Highlights
- Absolute Triple Net Lease
Executive Summary
The property offers easy access to Interstate-84 Hwy (Banfield Freeway), Lloyd District, Laurelhurst Neighborhood, and Central Business District.
Tenant [Veterinary Clinic America] recently renewed lease until 4/16/2029. Tenant has one additional 5 year option to extend out to 2034..
Tenant [Veterinary Clinic America] recently renewed lease until 4/16/2029. Tenant has one additional 5 year option to extend out to 2034..
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,265 SF
Building Class
C
Year Built
1982
Price
$2,000,000
Price Per SF
$468.93
Cap Rate
6%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.47
Lot Size
0.21 AC
Zoning
CG - Manufacturing General. This industrial planning district is designed to accommodate a wide variety of manufacturing, assembly, processing, and warehousing use
Parking
12 Spaces (2.81 Spaces per 1,000 SF Leased)
Frontage
132’ on Northeast Sandy Boulevard
Amenities
- Bus Line
- Signage
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R139028 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $639,320 |
Property Taxes
Parcel Number
R139028
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$639,320
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2935-2945 NE Sandy Blvd
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